Is Miami, FL cheaper than Boston, MA?

Based on cost of living data, Miami, FL is 17.4% cheaper than Boston, MA. This translates to saving $1309 per month.

What salary do I need in Miami, FL to live like I do in Boston, MA?

If you earn $150,000 in Boston, MA, you'd need approximately $134,295.302 in Miami, FL to maintain the same standard of living.

How does housing cost compare between Boston, MA and Miami, FL?

Housing in Miami, FL is 30.0% cheaper than in Boston, MA. For a two-bedroom apartment, rent is $2,660/month in Miami, FL compared to $3,865/month in Boston, MA.

How much can I save per month by moving from Boston, MA to Miami, FL?

Moving from Boston, MA to Miami, FL could save you approximately $1309 per month, or $15705 per year, based on a $150,000 salary.

MoveNumbers

Boston, MA

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Miami, FL

Cost of Living Comparison 2026

Current salary in Boston, MA

Numbers update automatically as you type

You'd save $1.3K/month moving to Miami, FL

$150.0K in your current city equals $134.3K in Miami, FL

Rent data from HUD ZIP-level estimates · COL index from Boston-Cambridge-Newton, MA-NH area

Overall Cost

↓ 17.4%

Less expensive

Monthly Impact

$1,309

Savings

Annual Impact

$15.7K

Per year

Based on monthly living costs (rent, groceries, utilities, transport, healthcare). Home purchase prices shown separately below.

Boston, MA

Population:685K

Cost Index:100

Median Home:$961K

Miami, FL

Population:442K

Cost Index:83

Median Home:$510K

Boston, MA

The Bay State

685K

Population

State Tax

Yes

Climate

Continental

Notable Facts

•Major education center
•Biotech capital
•Historic American city

Major Industries

EducationHealthcareTechnologyFinance

Miami, FL

The Sunshine State

442K

Population

State Tax

No Income Tax

Climate

Tropical

Notable Facts

•Gateway to Latin America
•Major cruise port
•International business hub

Major Industries

International TradeTourismFinanceReal Estate

Cost Breakdown by Category

Annual spending: Boston, MA vs Miami, FL

Category	Boston, MA	Miami, FL	Difference	Change
🏠Housing	$5,275/mo	$3,690/mo	↓ $1,585less	30.0%
🚗Transportation	$1,830/mo	$1,462/mo	↓ $369less	20.1%
📦Other	$1,825/mo	$2,093/mo	↑ $268more	14.7%
⚡All Utilities	$716/mo	$519/mo	↓ $197less	27.5%
🏥Healthcare	$743/mo	$589/mo	↓ $155less	20.8%
🛒Groceries	$1,079/mo	$1,079/mo	→ $0	0.0%

🏠Housing

↓ 30.0%

Boston, MA

$5,275

Miami, FL

$3,690

Difference

$1,585

less

🚗Transportation

↓ 20.1%

Boston, MA

$1,830

Miami, FL

$1,462

Difference

$369

less

📦Other

↑ 14.7%

Boston, MA

$1,825

Miami, FL

$2,093

Difference

$268

⚡All Utilities

↓ 27.5%

Boston, MA

$716

Miami, FL

$519

Difference

$197

less

🏥Healthcare

↓ 20.8%

Boston, MA

$743

Miami, FL

$589

Difference

$155

less

🛒Groceries

→ 0.0%

Boston, MA

$1,079

Miami, FL

$1,079

Difference

same

🏠Rent Comparison

Studio

From$3,095

To$1,995

↓ $1,100

1 Bed

From$3,255

To$2,180

↓ $1,075

2 Bed

From$3,865

To$2,660

↓ $1,205

3 Bed

From$4,630

To$3,415

↓ $1,215

Boston, MAZIP-level data

1BR range: $2,560–$3,710/mo

Miami, FLZIP-level data

1BR range: $1,550–$2,990/mo

💡 Note: Rent prices are based on HUD Fair Market Rent data and represent median costs. Actual prices vary by neighborhood, amenities, and condition. Source: HUD Small Area Fair Market Rents FY2026.

$11,469

Monthly in Boston, MA

$9,431

Monthly in Miami, FL

$2,038

Difference

Home Values

Boston

Miami

$961K

Median Value

$510K

↓ -0.7%

YoY Change

↓ -3.6%

↑ +7%

5-Year Change

↑ +49.4%

$709K - $3.40M

Price Range

$278K - $1.53M

Homes in Miami are 47% less expensive than Boston

Calculate payment - Boston Calculate payment - Miami

Source: Zillow Home Value Index (ZHVI), January 2026

Tax Comparison

Annual tax burden comparison at $150.0K salary

Tax Savings

↑ $7.5K

Per year

Monthly Difference

$625

More take-home

Effective Rate Diff

5.0%

Rate difference

Boston, MA

Federal Income Tax

Effective: 18.9%

$25.5K

Massachusetts State Tax

Effective: 5.0%

$7.5K

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 29.7%

$44.5K

Take-Home Pay

$8,791/month

$105.5K

Miami, FL

Federal Income Tax

Effective: 18.9%

$25.5K

Florida State Tax

No state income tax

FICA Taxes

Social Security + Medicare

$11.5K

Total Taxes

Effective: 24.7%

$37.0K

Take-Home Pay

$9,416/month

$113.0K

Additional Tax Information

Boston, MA Tax Rates

Sales Tax:6.3%

Property Tax:1.2%

Miami, FL Tax Rates

Sales Tax:7.2%

Property Tax:0.8%

💡 Note: Tax calculations are estimates based on 2024/2025 tax brackets for single filers with standard deduction. Actual taxes may vary based on filing status, deductions, credits, and local variations.